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Meeting Date:	08/26/2019
Equipment Purchase
Submitted for:	Elizabeth Ortiz	Submitted By:	Elizabeth Ortiz
Department:	County Judge

Subject:

Discussion and possible action to authorize financing for golf course equipment for FY 2020. The golf course currently leases 5 mowers from Wells Fargo on a fair market value (FMV) lease that ends 12/31/19. Touchstone Golf recommends turning this equipment in – total hours should be within the allowed hour limits and the units should be in reasonable condition to avoid any penalties. This equipment has reached a point though where rolling the lease forward would create a burden relative to ongoing equipment repair and maintenance.

Issue: The golf course is in need of equipment to replace the equipment coming off lease and to supplement the fleet of equipment to optimally maintain the golf course and minimize labor costs.

Solution: The following equipment packages have been reviewed and estimated by consultant Golf Maintenance Solutions. The items listed and recommended for a capital lease have estimated useful lives well beyond the lease term and hence recommended for a $1 buyout at the end of that term. The items listed and recommended for a fair market value lease are similar to the items being turned in and are better served by a rental arrangement.

Result: The equipment package will allow the golf course to be maintained in the optimal condition while helping manage labor costs efficiently.

Background:

N/A

Previous Court Action:

Fiscal Impact

Budget Account Number:	N/A
Funding Source:	N/A
Balance:	N/A
Financial Impact:
N/A

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